CLS Sees Solid Growth in June FX Volumes

Settlement released its foreign exchange trading volumes for June this Tuesday.
The US firm saw a daily average trading volume of $1.30 billion in FX swaps trading last month. In June of last year, the clearing giant reported exactly the same figure.

Compared to May, however, things were much better. CLS of $1.13 billion two months ago, meaning June saw the firm, from a month on month perspective, increasing its trading volumes by 15 percent.
Things were similarly positive in the spot FX markets.
In June of this year, firms submitted an average of $0.45 billion in FX spot trading orders to CLS.
That was a 10 percent decrease on June of 2018, when the clearing house reported average FX spot trading volumes of $0.50 billion.
From a month on month point of view, things were better. In May of this year, CLS reported an average FX spot trading volume of $0.40 billion – 11 percent less than last month.
Positive overall for CLS
In the FX forwards market, things were even better.
CLS released average daily volumes in forwards trading of $0.13 billion for last month.
That was a 44 percent increase on May’s $0.09 billion and a 30 percent increase on June of 2018 when the settlement services provider released average daily trading volumes of $0.1 billion in forwards market.
Taking all of that into account, CLS saw a total average daily trading volume of $1.88 billion in June.
That was a minor decrease on the $1.9 billion that the firm reported for the the same period last year. But it was also a 16 percent increase on May when the figure was $1.62 billion.